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CHAPTER 7 BANKRUPTCY

TRUSTEE

SINCE 1990

A TRUSTED INFORMATION RESOURCE FOR PEOPLE WHO ALREADY FILED FOR CHAPTER 7 BANKRUPTCY

Chapter 7 Bankruptcy Trustee

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This website is designed to assist people who are assigned to Homer W. McClarty as Trustee in their Chapter 7 bankruptcy cases, who may need information to complete the bankruptcy process. We provide the following:

The Role of a Chapter 7 Bankruptcy Trustee

The Chapter 7 Bankruptcy Trustee is a person appointed by the Justice Department. The Trustee presides over the mandatory 341 meeting of creditors that every person filing for bankruptcy is required to attend. At the 341 meeting of creditors, the Trustee examines your financial affairs while you are under oath and later submits reports to the bankruptcy court and the Office of the U.S. Trustee. The role of the Trustee is to determine whether you have any assets that may be liquidated or sold to provide proceeds to your creditors. If assets are available and non-exempt, (some of your assets are protected by law or may be subject to lien by secured creditors), then the Trustee may take control of those assets, sell them and distribute the proceeds to your creditors. In return, the Chapter 7 bankruptcy court may allow you to discharge many types of debts, including:

You Must Present to Your Trustee:

Original proof of Social Security (make sure the full number is displayed), Social Security card, medical insurance card, W-2 form, IRS form 1099 or Social Security Administration report

Attorney Advertising. This website is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.